When it comes to wealth transfer, all parents plan with the best of intentions. However, when we hear it from the beneficiaries, it may not be viewed in that manner.

💣 There was a couple who had 2 properties. One is a HDB and the other is a private property. And they have a business and some other parts in investments and cash. They still have outstanding loans for the property and have taken a loan for the business, with a personal guarantee. They have 3 children and 1 of them is in the family business.

🔥 The above scenario is quite typical for an affluent family. However, you can just imagine the time bomb that they are sitting on, waiting to be passed on to the children.

When I speak to the child, he says it just seems like a recipe waiting for disaster to blow up. Who will take over the HDB? Who will take over the private property? What is the implication to them to take over the property? Is it going to be split 3 ways? How about the business? What is going to happen to the value of the business? And who will be the specific beneficiary to be settling the outstanding loans?

☀️You have taken a whole life of a few decades to build your wealth. Wouldn’t it make sense to spend just half an hour to understand what the implications are and how you can potentially prevent problems down the road? Most people have no solutions but we can bring in our 19yrs of experience to help.

We walk through a process of ABCD to plan for them. ♥️ Be wise and plan ahead.

We all want to transfer wealth with minimum costs, minimum conflicts and confusion, wouldn’t you?